Connect with us

Economy

US stock futures fall as technical rally slump

Published

on

US stock futures fall as technical rally slump

US stock futures declined on Thursday recovery of technology stocks put on hold and investors braced for the possibility of increased market volatility.

Futures pegged to the S&P 500 fell 0.4% and futures for the high-tech Nasdaq fell 0.1%, indicating markets should open lower later Thursday. The pan-continental Stoxx Europe 600 Index was down 0.4%.

During off-hours promotions

GameStop

fell 9.3% after the retailer reported fiscal second quarter results that fell short of Wall Street’s estimates. Shares in

AstraZeneca

Manat -1.96%

rose 1.1% in premarket after the company’s CEO said the Covid-19 vaccine it is developing with Oxford University may still be ready by the end of the year.

Trading day

All ET

Source:

In recent days, the markets have been dominated by the volatility of stocks of large technology companies such as Apple, Amazon.com and Microsoft. Tech stocks rose sharply on Wednesday after three sessions of sell-off that pushed the Nasdaq Composite into a retracement zone. Despite the recent decline, the Nasdaq is up over 20% this year.

The recent plunge in tech stocks has raised concerns that a market that has surged so sharply over the summer may be set for a more turbulent period… In a sign of nervousness, the Cboe Volatility Index, known as the Vix and seen as an indicator of Wall Street fear, rose 2.7% recently to hit 29.60 on Thursday.

“We can see that volatility will continue only because there are so many factors, if you think about the lack of progress on fiscal stimulus in the US and [Covid-19] says Wei Li, Head of Investment Strategy for iShares EMEA at BlackRock. “It’s just hard to imagine that we can put this to bed.”

Apple store Marina Bay Sands in Singapore on Thursday. Apple shares have been volatile in recent sessions.


Photo:

Brian van der Beek / Bloomberg News

Congress remains deadlocked over the new stimulus package. Senate Republicans said Wednesday that $ 300 billion reduced cost version support their previous $ 1 trillion stimulus plan, including unemployment relief, liability protection for businesses, and funding for schools. Democrats oppose the bill, and it is not expected to overcome the first procedural hurdle in the Senate on Thursday.

European stocks

British airways

Parent company International Consolidated Airlines Group fell 1.8% after it outlined the terms of a planned capital increase to strengthen its balance sheet and reduce debt.

Trading in Asia was multidirectional: the Shanghai Composite Index fell 0.6%, while the Korean Kospi and Japan’s Nikkei 225 gained 0.9% each.

Tensions between Washington and Beijing continued. hang over the markets… More than 70% of US companies surveyed by the American Chamber of Commerce in Shanghai expect geopolitical turbulence to create operational difficulties over the next three to five years, compared with about half of companies that said the same last year.

The euro rose 0.3% against the dollar after the European Central Bank said it would leave interest rates unchanged. At the upcoming press conference, investors will be listening for information on how the recent strengthening of the euro will affect monetary policy.

In the bond market, the yield on 10-year Treasuries rose to 0.705% from 0.702% on Wednesday. Bond yields and prices move in opposite directions.

On the commodity side, Brent crude fell 1.3% to $ 40.28 a barrel, while WTI futures fell 1.6% to $ 37.46 a barrel. Data from the American Petroleum Institute, released late Wednesday night, showed an unexpected rise in US oil inventories.

Write to Caitlin Ostroff, [email protected]

© 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

See also  Taco Bell cuts Mexican pizza and other dishes from its menu
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Landlords must report rent by the end of the month. Set this and other IRS dates until the declaration is delivered

Published

on

Landlords must report rent by the end of the month.  Set this and other IRS dates until the declaration is delivered

UNTIL THE END OF THE MONTH

CLAIM INCOME

Landlords who are exempt and have not chosen to issue electronic rent receipts must submit a Model 44 return to the Finance Department via the Internet by the end of this month – Sunday 30th. delivered to the department by the following Friday.

And who are these taxpayers who are exempt from electronic income receipts?

These are owners who do not have and are not required to have an e-mail box and who did not receive more than 877,622 euros of rent (double the social support index) in 2021. These two conditions are combined.

Landlords who were 65 years of age or older on December 31, 2021, and taxpayers who receive rent under agreements covered by the Rural Lease Scheme, are also exempt.

UNTIL 15 FEBRUARY

˂ Consult and update your personal page on the Financial Portal with your family composition and other relevant personal items, such as the email address or NIB to which the state should transfer the IRS refund.

˂ Indicate spending on education and training in the interior of the country or in the autonomous region. You can deduct 40% of these fees up to a limit of one thousand euros, and the rent paid for the maintenance of a relocated student is not more than 300 euros.

˂ Tell the finance department about the rent for permanent housing if you have moved to the hinterland. You can deduct up to one thousand euros in the IRS instead of the usual 502 euros.

See also  An aircraft resembling a hovercraft from Star Wars was presented in Sweden (VIDEO)

˂ Consider the duration of long-term permanent housing leases (contracts of up to two years or more), as well as the termination of such contracts. This type of lease benefits from lower tax rates, which decrease in proportion to the number of years the property is occupied, as agreed with the tenant. This is done through the financial portal.

UNTIL 25 FEBRUARY

CHECK BILLS

It is time to check or report, if your e-invoice portal personal account is not displayed in your personal account, invoices for expenses incurred in 2021. Based on these expenses, the IRS calculates a withholding from the IRS Fee, which reduces the weight of the invoice and increases the government’s possible refund. Thus, in addition to promoting a fairer tax system, the IRS is cutting costs when requesting an invoice with a taxpayer number for education and training, health care, and housing expenses.

There is also a discount related to general family expenses, which includes any fees, up to a deduction limit of €250 per taxpayer (€335 for single parent families). Maintenance payments determined by the court must also be indicated in the declaration according to model 3, since 20% of their total amount can be deducted from the tax. Don’t forget to request an invoice in certain areas of activity corresponding to the percentage of VAT paid in your pocket: 15% for car and motorcycle repairs, accommodation and meals, hairdressing, veterinary activities and gyms and 100% for expenses. with monthly passes for public transport.

Finally, keep in mind that there is a general limit to the set of tax deductions and benefits that follows from the mathematical formula. It varies by household income, the higher the lower the ceiling. Families with three or more children are eligible for an increase in the limit.

See also  Does your municipality already have free Wi-Fi? Look here

FROM APRIL TO JUNE 30

Open an IRS campaign. It is not recommended to send or confirm the data, if they are subject to automatic declaration, during the first 15 days of the period, since, as a rule, it is during this period that the technical services detect possible errors in the system and correct them. You will not be affected in terms of calculating your tax, but you may be penalized with an increase in the time it takes to settle your return and the corresponding tax refund, if applicable.

Continue Reading

Economy

Bitcoin is only worth half of its all-time high in November

Published

on

Russia wants to completely ban the use and mining of cryptocurrencies

Have you followed the fall of bitcoin? We all know that the cryptocurrency market is very volatile, and in this sense, it is necessary to be very attentive to price fluctuations in order to bet at the best time.

In early November 2021, Bitcoin hit an all-time high of $69,000. Now, three months later, the world’s most popular digital currency is worth half as much.

Bitcoin is now worth $69,000

Bitcoin is a virtual currency based on a peer-to-peer (P2P) system. P2P is a system that does not provide for a centralized authority to control the currency or transactions, as with other currencies (for example, the euro is controlled by the European Central Bank).

In November, the digital currency reached $69,000, but now it is only worth half. At the time of this writing, according to the Coinbase platform, bitcoin is worth $35,000 - see below. here.

Bitcoin is only worth half of its all-time high in November

But the problem is not only with the BitCoin currency. Also Ether, Cardano and Dogecoin are in bankruptcy this Monday. For Bloomberg Intelligence analysts, this phenomenon is a repetition of the past, a “pause in the face of market uncertainty,” analysts defend.

Since November, the cryptocurrency market, which consists of more than 15 thousand tokens, has lost about $ 1 billion, being in a “bear market”. In light of what is happening, investors have taken advantage of the bitcoin crash and poured $14 million into crypto funds.

See also  An aircraft resembling a hovercraft from Star Wars was presented in Sweden (VIDEO)
Continue Reading

Economy

Six new technologies explore the path to a possible entry into the stock market – Bolsa

Published

on

Six new technologies explore the path to a possible entry into the stock market - Bolsa

Bidirco Engineering Systems, Imaginary Cloud, Immunethep, IMP Diagnostics, Nonius Hospitality Technology and a sixth company that prefers to remain anonymous are the companies selected to integrate the 7th edition of Techshare, a program hosted by Euronext that aims to prepare technologies for shares. entering the market within the next two or three years.

Euronext kicks off this Tuesday with a new edition of Techshare, a program that aims to help tech companies familiarize themselves with the capital markets with a view to pursuing a future Initial Public Offering (IPO, abbreviation in English).

According to Euronext, six selected companies have been selected from 26 valid entries and over the next six months they will be strengthening their knowledge of capital market access through meetings with Euronext and partners to discuss what is required to enter. .

Euronext’s partners this year are Caixa Bank/BPI (bank), CV&A (communications), Morais Leitão (legal services) and PwC (consulting).

Euronext adds that the campus for the end of this academic year will take place in June in Portugal, at Nova SBE, where 122 companies from Germany, Belgium, Spain, France, Holland, Ireland, Italy, Portugal and Switzerland will participate. , as well as all specialized partners in each country.

Launched in 2015, Techshare’s pre-IPO program already has over 650 companies, of which 46 are Portuguese.

See also  Banks cannot increase interest or commissions on family loans after default - Banking and Finance
Continue Reading

Trending